Trading ideas: PetChem, PetDag, United Plantations, Inari, AMMB, LPI, FGV, D&O, Takaful, Cahya Mata, Allianz and SKP


KUALA LUMPUR: Investors could take note of recent developments in PetChem, PetDag, United Plantations, Inari, AMMB, LPI, FGV, D&O, Takaful, Cahya Mata, Allianz and SKP, said APex Securities Research.

Petronas Chemicals Group Bhd’s (PetChem) net profit for the financial year ended Dec 31, 2023 slumped 73% to RM1.69 billion from RM6.32 billion.

Petronas Dagangan Bhd (PetDag)’s net profit for the three months ended Dec 31, 2023 rose 25% to RM180.81 million compared to RM144.46 million last year.

United Plantations Bhd has declared a final dividend of 70 sen per share, along with a special dividend of 40 sen per share, for the financial year ended Dec 31, 2023 (FY2023), as annual net profit jumped to a new record high of RM711 million.

Inari Amertron Bhd's net profit fell 7.26% y-o-y to RM86.81 million in the second quarter ended Dec 31, 2023 (2QFY2024) from RM93.61 million.

AMMB Holdings Bhd’s net profit for the three months ended Dec 31, 2023 rose 22% to RM543.41 million versus RM444.21 million a year ago.

LPI Capital Bhd's net profit for the fourth quarter ended Dec 31, 2023 (4QFY2023) jumped 44% y-o-y to RM78.6 million from RM54.6 million.

FGV Holdings Bhd’s net profit fell 12-fold to RM103 million in 2023 from RM1.33 billion in 2022 as the group’s mainstay plantation business' earnings plummeted amid lower average crude palm oil (CPO) prices.

D&O Green Technologies Bhd’s net profit for the fourth quarter ended Dec 31, 2023 (4QFY2023) jumped 79.34% to RM24.32 million from RM13.56 million a year earlier.

Syarikat Takaful Malaysia Keluarga Bhd reported a 4.76% increase in its fourth quarter net profit from a year earlier, thanks to higher contribution from its group and general takaful segment. Net profit for the quarter ended Dec 31, 2023 (4QFY2023) was up to RM70.32 million.

Cahya Mata Sarawak Bhd’s (CMS) fourth quarter net profit jumped 71.1% to RM36.25 million from RM21.18 million a year prior.

Allianz Malaysia Bhd’s net profit rose 11.69% to RM193.69 million in the fourth quarter ended Dec 31, 2023 (4QFY2023) from RM173.46 million a year earlier.

SKP Resources Bhd posted a 42.48% drop in its net profit to RM23.44 million for its third quarter ended Dec 31, 2023 (3QFY2024) from RM40.74 million a year earlier.

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